Cook Illinois Partial Release of Mortgage / Deed of Trust on Undivided Leasehold Interest

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Cook
• Control #: US-OG-408
• Format: Word; Rich Text

Description

This form provides for a partial release of a mortgage/deed of trust of leasehold interests. A Cook Illinois Partial Release of Mortgage/Deed of Trust on Undivided Leasehold Interest is a legal document that allows for the partial release of a mortgage or deed of trust on an undivided leasehold interest in Cook County, Illinois. This document is commonly used in real estate transactions where an individual or entity holds a mortgage or deed of trust on a portion of a leasehold interest. The Cook Illinois Partial Release of Mortgage/Deed of Trust on Undivided Leasehold Interest can be used in various situations, such as when a property owner wants to sell a portion of the leasehold interest and needs to release a part of the mortgage or deed of trust to clear title for the buyer. It can also be used when refinancing a property and the lender requires a release of the mortgage or deed of trust on a specific portion of the leasehold interest. Different types of Cook Illinois Partial Release of Mortgage/Deed of Trust on Undivided Leasehold Interest may include: 1. Residential Partial Release: This type of release is commonly used for residential properties with multiple leasehold interests. It allows for the release of a mortgage or deed of trust on a specific portion of the leasehold interest, such as a single unit in a condominium building. 2. Commercial Partial Release: This type of release is used for commercial properties with multiple leasehold interests, such as office buildings or retail spaces. It allows for the release of a mortgage or deed of trust on a specific portion of the leasehold interest, which can be a single unit or a combination of units within the property. 3. Industrial Partial Release: This type of release is applicable to industrial properties that have multiple leasehold interests, such as warehouses or manufacturing facilities. It enables the release of a mortgage or deed of trust on a particular portion of the leasehold interest, which may include specific sections or areas within the property. 4. Mixed-Use Partial Release: This type of release is utilized for properties that have a combination of residential, commercial, and/or industrial leasehold interests within the same development. It allows for the release of a mortgage or deed of trust on a specific portion of the leasehold interest, which can be a single unit or a combination of units in the mixed-use property. In conclusion, a Cook Illinois Partial Release of Mortgage/Deed of Trust on Undivided Leasehold Interest is a crucial legal document that facilitates the partial release of a mortgage or deed of trust on a specific portion of a leasehold interest. Different variations of this document exist to cater to various types of properties, including residential, commercial, industrial, and mixed-use properties.

A Cook Illinois Partial Release of Mortgage/Deed of Trust on Undivided Leasehold Interest is a legal document that allows for the partial release of a mortgage or deed of trust on an undivided leasehold interest in Cook County, Illinois. This document is commonly used in real estate transactions where an individual or entity holds a mortgage or deed of trust on a portion of a leasehold interest. The Cook Illinois Partial Release of Mortgage/Deed of Trust on Undivided Leasehold Interest can be used in various situations, such as when a property owner wants to sell a portion of the leasehold interest and needs to release a part of the mortgage or deed of trust to clear title for the buyer. It can also be used when refinancing a property and the lender requires a release of the mortgage or deed of trust on a specific portion of the leasehold interest. Different types of Cook Illinois Partial Release of Mortgage/Deed of Trust on Undivided Leasehold Interest may include: 1. Residential Partial Release: This type of release is commonly used for residential properties with multiple leasehold interests. It allows for the release of a mortgage or deed of trust on a specific portion of the leasehold interest, such as a single unit in a condominium building. 2. Commercial Partial Release: This type of release is used for commercial properties with multiple leasehold interests, such as office buildings or retail spaces. It allows for the release of a mortgage or deed of trust on a specific portion of the leasehold interest, which can be a single unit or a combination of units within the property. 3. Industrial Partial Release: This type of release is applicable to industrial properties that have multiple leasehold interests, such as warehouses or manufacturing facilities. It enables the release of a mortgage or deed of trust on a particular portion of the leasehold interest, which may include specific sections or areas within the property. 4. Mixed-Use Partial Release: This type of release is utilized for properties that have a combination of residential, commercial, and/or industrial leasehold interests within the same development. It allows for the release of a mortgage or deed of trust on a specific portion of the leasehold interest, which can be a single unit or a combination of units in the mixed-use property. In conclusion, a Cook Illinois Partial Release of Mortgage/Deed of Trust on Undivided Leasehold Interest is a crucial legal document that facilitates the partial release of a mortgage or deed of trust on a specific portion of a leasehold interest. Different variations of this document exist to cater to various types of properties, including residential, commercial, industrial, and mixed-use properties.